WTW expands Zurich deal to deploy Radar software globally

Willis Towers Watson (WTW) and Zurich Insurance Company have extended their partnership to bring Radar software to Zurich's global retail lines. The agreement expands the existing collaboration that has already deployed Radar in several country markets. WTW's managing director, Georgy Matov, expressed delight at Zurich's selection of Radar as their global pricing solution, highlighting the expansion of their successful partnership.

Matov emphasized that WTW will leverage its industry expertise and technology solutions to enhance Zurich's pricing and risk management capabilities through advanced monitoring, analytics, decision-making, and deployment features. Radar, WTW's end-to-end insurance software platform, offers capabilities such as real-time risk assessment, AI-based analytics, and quicker pricing, portfolio management, claims, and underwriting processes.

Currently used by over 500 insurers worldwide, Radar is part of WTW's Insurance Consulting and Technology business. Soledad Mune, head of Zurich's retail transformation group, commended WTW's proven knowledge and reliability, as well as Radar's market-leading pricing platform, global adoption, and ease of scaling through a centralized technology infrastructure.

This deal follows recent moves by the group, including a partnership between Willis (a WTW business) and insurance infrastructure partner Kayna to launch KwantSure, an embedded digital insurance program, and WTW's acquisition of Redefind, a web-based platform for cryptocurrency and digital assets insurance.